Japan’s GDP grew by 0.3% qoq in Q2 2025, accelerating from an upwardly revised increase in Q1 and beating market expectations, both of which stood at 0.1%, preliminary data showed, preliminary data showed. It was the fifth straight quarterly expansion, with private consumption continuing to rise (0.2% vs 0.2% in Q1) and exceeding consensus of 0.1%. At the same time, government spending was flat after declining 0.5% in the prior period. Business investment expanded at a stronger pace (1.3% vs 1.0%), easily topping forecasts of 0.5%. Meantime, net trade contributed 0.3ppts, as exports rebounded (2.0% vs -0.3%) while imports slowed sharply (0.6% vs 2.9%).